XRP/USD’s one-day chart shows a bearish MACD crossover, signaling that the token has entered a renewed downtrend.
The MACD, a key momentum indicator, generates sell signals when its line crosses below the signal line, indicating fading upward momentum.
This is XRP’s first bearish crossover since September 8, reflecting a shift in market sentiment from bullish to bearish and suggesting that traders may reduce positions.
Adding to the negative outlook, XRP has dropped below its 20-day exponential moving average (EMA), which now acts as dynamic resistance at $2.97. The 20-day EMA emphasizes recent price action, and trading below it typically signals rising short-term selling pressure.
Together, the MACD crossover and the EMA breach indicate that XRP could face further downside in the coming trading sessions, keeping the altcoin’s performance under pressure.